Experts Financial News

ICICI Lombard General Insurance Company Ltd. traded at Rs 1868.85 on BSE at 11:32AM (IST) on Friday, 0.09 per cent from previous close. The stock quoted a 52-week low price of Rs 1354.80 and a high of Rs 2285.85.

Indian Oil Corporation Ltd. traded at Rs 138.10 on BSE at 11:26AM (IST) on Friday, 0.21 per cent from previous close. The stock quoted a 52-week low price of Rs 104.20 and a high of Rs 196.80.

NCC shares jumped 5% to Rs 318 in Friday's trade on BSE after the company secured an order worth Rs 3,389.49 crore from Ken-Betwa Link Project Authority, Department of WR, RD & GR, Ministry of Jal Shakti, Government of India. “We are pleased to inform that, the Company has received Letter of Acceptance (LoA) dated November 28, 2024 from Ken-Betwa Link Project Authority regarding selection of the Company as the successful bidder for the EPC execution of Daudhan Dam under Ken-Betwa Link Project," said in an exchange filing.

On the BSE, Ascensive Educare(down 18.42 per cent), Navoday Enterprises(down 9.35 per cent), Gabriel Pet Straps(down 9.25 per cent), OrientalAromatics(down 9.00 per cent) and CreditAccess Grameen(down 8.19 per cent) were among the stocks that plunged over 5 per cent during the session.

Siemens Ltd. traded at Rs 7527.70 on BSE at 10:36AM (IST) on Friday, 1.44 per cent from previous close. The scrip quoted a 52-week low price of Rs 3577.95 and a high of Rs 8129.95.

Bookings under the sale are open from 0001 hours IST of 29 November 2024 to 2359 hours IST of 02 December 2024, for travel until 30 June 2025 (except for flights between India and Australia & North America that are available for travel until 30 October 2025). However, the sale is available exclusively through Air India’s official website and mobile apps on both iOS and Android. The seats on offer are limited and will be sold on a first-come, first-served basis, with some blackout dates applying, said the low-cost airline.

According to voting results, 50.45% of shareholders opposed the resolution. This development follows Goenka's recent resignation as managing director and withdrawal of consent for reappointment, initially slated for the AGM on November 28. Despite these changes, Goenka remains the CEO, a position he will hold for a five-year term until 2029.

Premier Energy and Infrastructure Ltd.(up 57.39%), Mangalam Drugs(up 19.98%) and Soma Textiles(up 19.08%) were among the stocks that surged over 15%.

Indian Hotels Company Ltd. 1.92 per cent to Rs 793.70 at 10:30AM (IST) in Friday's trade. The scrip hit a high of Rs 794.05 and low of Rs 778.50 so far during the session. The stock had closed at Rs 778.70 in the previous session. The counter had a total traded volume of 10:30AM shares so far with a turnover of Rs 2.99 crore on BSE. The stock traded at a price-to-earnings multiple of 67.33 and a price-to-book ratio of 8.90.

Quantum Mutual Fund has announced the launch of NFO of Quantum Ethical Fund, an open-ended equity fund that invests in companies meeting an ethical set of principles, with the objective of achieving long-term capital appreciation. The new fund offer or NFO of the scheme will open for subscription on December 2 and will close on December 16. Also Read | Only one ELSS mutual fund has never delivered negative returns in last 10 years

Last winter, the peak had hit 5816 MW, the highest recorded in the national capital. During summer this year, peak electricity demand had touched an unprecedented 8,656 MW. The areas served by BSES Rajdhani Power Ltd and BSES Yamuna Power Ltd, winter peaks are projected to exceed 2,600 MW and 1,240 MW, respectively. Last year, the peak hit 2,529 MW and 1,210 MW, respectively.

Hemant Soren announced that his government would take legal action to realise its Rs 1.36 lakh-crore coal dues from the Centre. Soren took oath as the chief minister on Thursday. «Legal action will be initiated to realise Rs 1.36 lakh crore of the state pending with the Centre,» Soren told the media while briefing the decisions of the maiden cabinet meeting of his present government. The announcement came barely 25 days after he requested the Centre «with folded hands» to clear the coal dues to the state.

Harsh Goenka highlighted an unexpected contrast in Gurgaon's air quality: the cremation ground has cleaner air than the rest of the city and even Delhi. Goenka shared a screenshot of real-time pollution data on X (formerly Twitter), showing the cremation ground with a «moderate» Air Quality Index (AQI) of 95, while areas like DLF Phase 1 and 2 registered «hazardous» levels of 584 and 563 respectively. «If you are in Gurgaon/Delhi area and you want to be where the pollution (AQI level) is low, I have a suggestion where to go,» he captioned the image.

₹420 to ₹441 each. On Thursday, the company announced that it has raised ₹254 crore from anchor investors, just a day before the opening of its initial share sale for public subscription.The IPO of the Kolkata-based company includes an Offer for Sale (OFS) of 19,189,330 equity shares valued at ₹846.25 crore at the upper end of the price band.

The Nifty futures closed negatively with losses of 1.59%, ending at 23,912 levels on Thursday. India VIX rose nearly 4% to close at 15.20 in the previous session.

The ripple-effects of the slowed consumption was seen in India Inc's performance for the second quarter which clocked a revenue growth of 16-quarter-low. Moreover, India is due to report its Q2 GDP figures today, which may further push the Indian consumption story. According to a report by Marcellus Investment Managers, three key factors are contributing to this phenomenon: increasing automation in routine jobs, a cyclical economic downturn, and deteriorating household balance sheets.

lesser-known destinations into iconic sites and promoting a more balanced distribution of tourists across the country. According to the directives of the Department of Expenditure, the Ministry of Tourism issued operational guidelines for Special Assistance to States/Union Territories for Capital Investment (SASCI) for the development of iconic tourist centres, officials said. The Ministry of Tourism circulated the SASCI guidelines to the state governments with a request to formulate and submit the project proposals to the ministry, which are iconic in nature and can create impactful destinations, they said. By the last date of submission, October 15, 2024, a total of 87 project proposals were received costing more than Rs 8,000 crore, a senior official in the ministry said.

Mohan Yadav delivered remarks on Thursday during an interactive session in Germany, discussing investment opportunities in Madhya Pradesh. He said, «We want a new kind of partnership with Germany, a partnership that is not restricted to just trade. We want German companies with their advanced technologies, to invest in Madhya Pradesh. Madhya Pradesh is a complete investment destination today, it is a big market that is a golden opportunity for investors». The Chief Minister commented on the rich and historic relations between the two countries and said that his journey through Germany is a step towards strengthening these relations.

ISKCON) on Thursday expressed solidarity with priest Chinmoy Krishna Das, who was arrested on charges of sedition for allegedly raising a flag on a stand displaying Bangladesh's national flag. In a post on X, ISKCON, Inc. stated, «ISKCON, Inc. stands with Chinmoy Krishna Das. Our prayers to Lord Krishna for the protection of all these devotees.»

Diamond Power Infrastructure are likely to remain in focus today as the company had announced a stock split in the ratio 1:10 and fixed December 3 as the record date for determining shareholder eligibility. This means today is the last day to buy the stock to be eligible for the stock split.

Australia approved the social media ban for children late on Thursday after an emotive debate that has gripped the nation, setting a benchmark for jurisdictions around the world with one of the toughest regulations targeting big tech. The law forces tech giants from Instagram and Facebook owner Meta Platforms to TikTok to stop minors from logging in or face fines of up to A$49.5 million ($32 million). A trial of enforcement methods will start in January, with the ban to take effect in a year.